Brewin Dolphin head of research Matthew Butcher has left the firm after nine years.
His departure follows that of head of regulation and risk Barry Howard in September.
Prior to joining Brewin Dolphin in 2004, Butcher worked in the strategic investment group at Merrill Lynch Investment Managers.
A Brewin spokeswoman says: “We can confirm Matthew Butcher has resigned from the company after nine years dedicated to building our research department into the team it is today. Matthew is taking some time out of the industry and he leaves with our thanks and best wishes for the future.”
Last month, Brewin announced it had closed three of its regional offices and has refused to rule out making redundancies.
The three offices of Inverness, Hereford and Teeside will be merged into Aberdeen, Cheltenham and Newcastle respectively.
In July, Money Marketing sister website Fundweb revealed Brewin was reviewing the services it offers clients with portfolios worth less than £50,000.